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Netanyahu Pushes Massive 400 Billion Shekel Defense Budget Ahead of Elections, Raising Tax Concerns

How 3 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Calcalist · 13 hours ago

What happened

Prime Minister Netanyahu has ordered the urgent opening of a 400 billion shekel defense budget over 13 years ahead of elections, despite opposition from Finance Minister Smotrich. The move aims to address urgent military procurement needs but raises concerns about increased taxes, budget deficits, and legal challenges during the election period.

01Netanyahu orders urgent opening of a 400 billion shekel defense budget over 13 years before elections.
02Finance Minister Smotrich opposed the move, citing timing and war concerns.
03Budget includes allocations for northern defense and foreign ministry, plus efficiency savings and external funding.
04Security officials warn of military supply shortages and election instability risks.
05Opening the budget now may require future tax hikes and spending cuts, increasing deficits.
06Bank of Israel and IMF warn of economic risks from rising debt and deficits.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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